SG Americas Securities LLC Has $3.41 Million Stock Holdings in SkyWest, Inc. $SKYW

SG Americas Securities LLC increased its position in SkyWest, Inc. (NASDAQ:SKYW) by 80.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,145 shares of the transportation company’s stock after acquiring an additional 16,546 shares during the quarter. SG Americas Securities LLC’s holdings in SkyWest were worth $3,411,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in SkyWest by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,590 shares of the transportation company’s stock valued at $2,061,000 after purchasing an additional 1,034 shares during the last quarter. United Services Automobile Association acquired a new position in shares of SkyWest in the 1st quarter valued at $227,000. M&T Bank Corp lifted its holdings in shares of SkyWest by 7.6% during the 2nd quarter. M&T Bank Corp now owns 2,825 shares of the transportation company’s stock worth $290,000 after acquiring an additional 199 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of SkyWest by 118.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 625 shares of the transportation company’s stock worth $64,000 after acquiring an additional 339 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of SkyWest by 8.8% during the 2nd quarter. First Trust Advisors LP now owns 85,577 shares of the transportation company’s stock valued at $8,812,000 after acquiring an additional 6,938 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Weiss Ratings lowered shares of SkyWest from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Citigroup lifted their price objective on SkyWest from $95.00 to $105.00 and gave the company a “neutral” rating in a report on Friday. Finally, TD Cowen lowered their price objective on SkyWest from $106.00 to $98.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $119.00.

SkyWest Stock Up 0.6%

Shares of NASDAQ:SKYW opened at $99.33 on Wednesday. SkyWest, Inc. has a 52 week low of $77.89 and a 52 week high of $123.94. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.51 and a current ratio of 0.62. The company’s fifty day moving average is $87.83 and its 200-day moving average is $94.99. The company has a market capitalization of $3.94 billion, a PE ratio of 9.52, a P/E/G ratio of 1.42 and a beta of 1.47.

SkyWest (NASDAQ:SKYW) last announced its earnings results on Thursday, April 23rd. The transportation company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.35. SkyWest had a net margin of 10.42% and a return on equity of 15.55%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $993.06 million. During the same quarter last year, the company posted $2.42 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities research analysts predict that SkyWest, Inc. will post 10.69 earnings per share for the current fiscal year.

About SkyWest

SkyWest, Inc (NASDAQ: SKYW) is a regional airline holding company that provides air transportation services through its primary subsidiary, SkyWest Airlines. The company operates flights under capacity purchase agreements with major carriers such as United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. By specializing in regional connectivity, SkyWest links smaller communities to larger hubs using a fleet of regional jets and turboprop aircraft.

Headquartered in St. George, Utah, SkyWest oversees all aspects of its airline operations, including flight scheduling, crew training and aircraft maintenance.